Common use of percent Clause in Contracts

percent. If, at the end of the Performance Period, the Company’s Average XXX is equal to the Threshold XXX, the Participant will be entitled to receive 50 percent of the Target XXX Award; if the Company’s Average XXX is equal to the Target XXX, the Participant will be entitled to receive 100 percent of the Target XXX Award; and if the Company’s Average XXX is equal to or greater than the Maximum XXX, the Participant will be entitled to receive 200 percent of the Target XXX Award. If the Company’s Average XXX is otherwise between the Threshold XXX and the Maximum XXX, the number of Performance Shares that the Participant is entitled to receive will be calculated using a straight-line interpolation. If the Company’s Average XXX is less than the Threshold XXX, the Participant will not be entitled to receive any Shares as part of his Target XXX Award. In no event will the Participant be entitled to receive pursuant to this Agreement more than 200 percent of the Target XXX Award.

percent. If, at the end of the Performance Period, the Company’s Average XXX is equal to the Threshold XXX, the Participant will be entitled to receive 50 percent of the Target XXX Award; if the Company’s Average XXX is equal to the Target XXX, the Participant will be entitled to receive 100 percent of the Target XXX Award; and if the Company’s Average XXX is equal to or greater than the Maximum XXX, the Participant will be entitled to receive 200 percent of the Target XXX Award. If the Company’s Average XXX is otherwise between the Threshold XXX and the Maximum XXX, the number of Performance Shares that the Participant is entitled to receive will be calculated using a straight-straight line interpolation. If the Company’s Average XXX is less than the Threshold XXX, the Participant will not be entitled to receive any Shares as part of his Target XXX Award. In no event will the Participant be entitled to receive pursuant to this Agreement more than 200 percent of the Target XXX Award.